Common use of Ceasing of operations Clause in Contracts

Ceasing of operations. The Councils shall be advised two months in advance of any decision to cease operations by the Operator. In any circumstance where operations are to cease, the Operator will be responsible for the retrieval of all bicycles and any associated property stored on land owned by the Councils, public or private landholders. A plan detailing this approach must be submitted to the council two weeks prior to the operation ceasing. Any bicycles which are not collected will be retrieved by council, an impound fee will apply and the bicycles will be recycled. The Operator shall provide a surety of $50,000 total to the Councils for the duration of the trial. This amount will be held by the Melbourne City Council and may be drawn upon by public agencies in the event that costs are incurred related to: (a) parks, waterways and public land clean-up fees or, (b) overdue unpaid impound fees at the conclusion of the duration of the MOU. The Councils must provide appropriate evidence of costs incurred, including photographic imagery, to the Operator prior to drawing down on any of the surety for costs incurred retrieving bicycles from parks, waterways or public land. The surety will be refunded 3 months after the conclusion of the trial to ensure that any clean-up costs are accurately accounted for. The surety should only be accessed as a means of last resort and such costs should normally be addressed through the regular monitoring and maintenance activities of the Operator.

Ceasing of operations. The Councils shall be advised two months in advance of any decision to cease operations by the OperatorJump. In any circumstance where operations are to cease, the Operator Jump will be responsible for the retrieval of all bicycles and any associated property stored on land owned by the Councils, public or private landholders. A plan detailing this approach must be submitted to the council two weeks prior to the operation ceasing. Any bicycles which are not collected will be retrieved by council, an impound fee will apply and the bicycles will be recycled. The Operator Jump shall provide a surety of $50,000 total to the Councils for the duration of the trial. This amount will be held by the Melbourne City Council and may be drawn upon by public agencies in the event that costs are incurred related to: (a) parks, waterways and public land clean-up fees or, (b) overdue unpaid impound fees at the conclusion of the duration of the MOU. The Councils must provide appropriate evidence of costs incurred, including photographic imagery, to the Operator Jump prior to drawing down on any of the surety for costs incurred retrieving bicycles from parks, waterways or public land. The surety will be refunded 3 months after the conclusion of the trial to ensure that any clean-up costs are accurately accounted for. The surety should only be accessed as a means of last resort and such costs should normally be addressed through the regular monitoring and maintenance activities of the OperatorJump.